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Entity-Specific Rating Rationales

26 Feb 2026

Maple Infrastructure Trust; Rating reaffirmed; rated amount enhanced

Maple Infrastructure Trust; Rating reaffirmed; rated amount enhanced

30 Jan 2026

Maple Infrastructure Trust: Rating reaffirmed; rated amount enhanced

Maple Infrastructure Trust: Rating reaffirmed; rated amount enhanced

12 Nov 2024

Indian Highway Concessions Trust: Rating reaffirmed/assigned for enhanced amount

Indian Highway Concessions Trust: Rating reaffirmed/assigned for enhanced amount

21 Aug 2024

Indian Highway Concessions Trust: Rating reaffirmed

Indian Highway Concessions Trust: Rating reaffirmed

18 Jul 2023

Indian Highway Concessions Trust: Rating reaffirmed; rated amount enhanced

Indian Highway Concessions Trust: Rating reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

01 Apr 2026

Maple Infrastructure Trust

Maple Infrastructure Trust (Non-SF)

01 Oct 2024

Maple Infrastructure Trust

Maple Infrastructure Trust (Non-SF)

30 Aug 2023

Maple Infrastructure Trust

Maple Infrastructure Trust (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term – Fund-based – Overdraft -- -- [ICRA]AAA(Stable) --
Long-term – Fund-based – Term Loan -- -- [ICRA]AAA(Stable) --
Long-term – Non-fund based – Bank guarantee -- -- [ICRA]AAA(Stable) --
Long-term – Interchangeable limits – Overdraft -- -- [ICRA]AAA(Stable) --
Issuer -- -- [ICRA]AAA(Stable) --

Our Analysts

Analyst 1

Anirudh Goel

Analyst 2

M Rajashekar Reddy

Sector Head

Ashish Modani
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Rating Rationales

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Credit Quality Trends and ICRA’s Outlook for FY2027

Mr. K Ravichandran,Ms. Aditi Nayar,Mr. Pratik Singhania

01 Apr 2026 04:00 PM

Road sector hits a slow lane as project awarding moderates

Mr. Suprio Banerjee,Mr. M Rajashekar Reddy

25 Feb 2026 04:00 PM

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